Threadneedle has said it is closely watching the size of Don Jordison’s UK Property fund following a period of high inflows.
Investment Adviser understands Threadneedle has stopped marketing the fund after it surpassed £850m in assets.
Several property managers told Investment Adviser this week they were finding it more of a “challenge” to find quality assets to invest in following a flood of money into the sector.
Data from the IMA shows the sector raked in £2.6bn of net new money in the first eight months of this year, the second most into any sector behind IMA UK Equity Income.
A spokesperson for Threadneedle said: “After a period of strong performance and inflows, we are monitoring the liquidity of the Threadneedle UK Property Trust. Our priority is to protect our existing clients’ interests.”
The fund, which was £447.7m in size at the start of the year, has delivered top quartile performance in the past year, delivering a return of 13.4 per cent.
